Go First seeks additional funds worth $12 million to cover mandatory liabilities

Go First is seeking funding of $12 million an urgent basis to cover some of its mandatory liabilities, such as insurance, reports Economic Times. The airline stopped operations in May and has been trying to get its finances in order, hoping to start flying again. Citing sources close to the airline, Economic Times report states that the airline is trying to arrange funds for things like aircraft repair, among other things. “Go First’s resolution professional Shailendra Ajmera, has requested the banks for funds on the basis of their voting share within the committee of creditors (CoC). Bank of Baroda and